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Sanskrit text, Unicode transliteration and English translation by Ganganath Jha:

啶膏ぎ啷佮う啷嵿ぐ啶�啶距え啶曕�佮ざ啶侧ぞ 啶︵�囙ざ啶曕ぞ啶侧ぞ啶班�嵿ぅ啶︵ぐ啷嵿ざ啶苦え啶� 啷�
啶膏�嵿ぅ啶距お啶�啶ㄠ�嵿い啶� 啶む�� 啶�啶距�� 啶掂�冟う啷嵿ぇ啶苦�� 啶膏ぞ 啶むい啷嵿ぐ啶距ぇ啶苦�椸ぎ啶� 啶�啷嵿ぐ啶む�� 啷� 啷оカ啷� 啷�

samudray膩naku艣al膩 诲别艣补办腻濒腻谤迟丑补诲补谤艣颈苍补岣� |
sth膩payanti tu y膩峁� v峁沝dhi峁� s膩 tatr膩dhigama峁� prati || 157 ||

As regards the exact amount to be paid, the interest shall be that which is fixed by persons expert in sea-voyages, and those capable of calculating the profits in connection with a particular place and time.鈥�(157)

 

Medh膩tithi鈥檚 commentary (manubh膩峁�ya):

The present verso is an answer to the question鈥斺�淚n the case cited above, is there to be paid no interest at all? Or is it to be 5 per cent?鈥�

鈥�Sea-voyage鈥� has been mentioned only by way of illustration; the sense is that whatever interest is fixed by traders who know all about journey by land and water, should be determined as the exact amount to be paid.

鈥�Those capable of calculating the profits in connection with a particular place and time,鈥欌�攑ersons who know what amount of profit is to be made whore,鈥攁nd not only those, pilots and others, who are expert in sea-voyages.

Others have explained the foregoing verses in the following manner, making gratuitous additions to its words:鈥擳he last verse (157) is in answer to the question.鈥斺�淚n a case where the debtor has entered into a contract on the strength of profits to be made at a particular place or time,鈥攂ut on reaching that place, he does not make the profit that he had expected,鈥攖hen what amount of interest should he pay?鈥� And the mention of the term 鈥�肠补办谤补惫峁沝诲丑颈鈥� (which, in this interpretation would not mean 鈥榳heel-interest,鈥� but 鈥榗ompound interest,鈥� which the debtor agrees to pay, on expectation of large profits) would include the 鈥榩rivately stipulated鈥� interest also. In such a case, the king shall decide as due that amount of interest which may be fixed by those tradesmen who know each other鈥檚 circumstances and the chances of profit and loss.

鈥�As regards the exact amount to be paid,鈥� 鈥�adhigamam prati,鈥欌赌斺赌�Prati鈥� is a proposition denoting 鈥榠ndication,鈥� and as such governs the Accusative in 鈥�adhigamam,鈥� according to P膩峁噄ni 1.4.90.

 

Explanatory notes by Ganganath Jha

This verse is quoted in 痴颈惫腻诲补谤补迟苍腻办补谤补 (p. 11), which adds that the term 鈥�厂补尘耻诲谤补测腻苍补办耻艣补濒腻岣�鈥� stands for all merchants;鈥斺赌�诲别艣补办腻濒腻谤迟丑补诲补谤艣颈苍补岣�,鈥� those who know that in such and such a country such and such profit is to be made;鈥斺赌�adhigama鈥� is 鈥榙ecision鈥� i.e., 鈥榖y that is the interest to be determined;鈥欌�攁nd in 碍峁泃测补办补濒辫补迟补谤耻 (68a), which has the following notes:鈥斺��厂补尘耻诲谤补测腻苍补办耻艣补濒腻岣�鈥� stands for tradesmen in general,鈥斺��诲别艣补办腻濒腻谤迟丑补诲补谤艣颈苍补岣�,鈥� one who knows what profit is obtained at what time,鈥斺��adhigama鈥� is decision, finding.

 

Comparative notes by various authors

(verses 8.156-157)

See Comparative notes for Verse 8.156.